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16 April 2014

Nissan opens $1.5 billion automotive complex in Brazil

Rio De Janeiro, Brazil – 15 April 2014 – Nissan has officially opened its R $2.6 billion (USD $1.5 billion) industrial complex in Resende, Rio de Janeiro, Brazil. The new facility already employs about 1,500 people and is expected to grow to around 2,000. With the estimated capacity of 200,000 vehicles and 200,000 engines every year, the Resende complex will produce Nissan's "Platform V" vehicles and engines starting with Nissan March and the 1.6 16V flexfuel engine.

"The Nissan Industrial Complex of Resende is fundamental to achieving our growth objectives in Brazil, which is the fourth largest automotive market in the world and a key part for our development in Latin America. Our goal is to achieve 5 percent market share and to lead Japanese automakers in quality and customer service in Brazil by 2016," said Nissan Chairman and CEO Carlos Ghosn.

"Nissan's expansion of our manufacturing capacity throughout the Americas over the last two years, with new plants opened in the United States (2012), México (2013) and now in Brazil (2014) underscores the untapped opportunities that we foresee throughout the hemisphere and, specifically, in Brazil," said Jose Luis Valls, chairman of Nissan Latin America.

The new industrial complex gives Nissan an opportunity to create a much larger presence in Brazil and continue to grow. To accommodate additional growth, infrastructure for a supplier park has been set up adjacent to the complex. The supplier park already has four auto parts suppliers set up in addition to two that operate inside the plant. Nissan aims to reach a rate of nearly 80 percent local content in Resende by 2016.

Nissan is in Brazil since 2000 and aims to achieve 5 percent market share by 2016. Nissan of Brazil currently operates with 169 dealers across the country and has plans to increase this number to 240 until 2016. Nissan produces in Sao Jose dos Pinhais, Parana, since 2002 and in Resende, Rio de Janeiro since 2014. Underlining its commitment to the country, Nissan of Brazil is official sponsor of the Rio 2016™ Olympic and Paralympic Games Rio 2016™.

Nissan Motor Co., Ltd., Japan's second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with approximately 236,000 employees globally, Nissan sold more than 4.9 million vehicles and generated revenue of 9.6 trillion yen (USD 116.16 billion) in fiscal 2012. Nissan delivers a comprehensive range of over 60 models under the Nissan and Infiniti brands.